Consultancy.uk – Three ways the banking industry can stay relevant in the age of disruption
The banking industry is going through a digital disruption phase through digital technology, new regulation and increased competition. Although relatively belated compared to other disrupted industries such as travel, retail and media, the pace of change and its impact on business models, customer behavior and operations is forcing banks to rethink their traditional banking model.
Banking is being disrupted by digital technology, new regulations and increased competition. Daniel Meere, Managing Director of Axis Corporate, reflects on three ways traditional banks can fight back.
Daniel Meere is the UK Managing Director. He leads business development and delivery, with solutions for clients across the Financial Services sector to meet regulatory, profitability and client objectives. Setting the strategy for the UK business, and contributing to global strategic growth themes. Daniel is based in London.
Related article by Daniel Meere: Navigating a Path for Growth in Uncertain Times
Three ways the banking industry can hold off BigTechs and challenger banks